Debt brings Oklahoma households crashing down

a budget

Although unexpected issues such as medical bills, a divorce or job loss often are involved in forcing consumers into bankruptcy, a lack of planning generally is a precursor, said John Cooper, president of Consumer Credit Counseling of Central Oklahoma. Cooper’s checklist includes:

→Basic budgeting skills are critical. Know how much you make and how much you spend.

→Families must communicate about expenses.

→Buy only what you need.

→Understand the importance of saving money.

→Get some help if you need it.